Property profile

833 3rd St La Salle, IL 61301

OFF-MARKET
Commercial real estate
Property ID
US28-4470802
3,191 SF 0.65 ac lot Built 2007
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,188 square foot restaurant located at 833 3rd Street in LaSalle, Illinois, presents a unique investment opportunity. Priced at $350,000 ($109.79/sq ft), this vacant, single-unit property boasts a prime location in a high-traffic area near the downtown core. Built in 1994, the building features a single story with a 10-foot ceiling height and sits on a substantial 28,300 square foot lot. Ample parking is available with 50 spaces provided. The property is zoned for commercial use and is offered as a NNN lease. The restaurant is well-maintained and comes equipped with many recent updates, including fixtures, equipment, and furniture. Significant kitchen equipment is already in place, minimizing start-up costs for a new operator. A walk-in cooler is also included. This turnkey operation is ready for immediate occupancy, offering a rare chance to establish or relocate a thriving restaurant business in a desirable location. The property's APN is 1815401019. This is a vacant property with zero remaining lease term.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 3,191 SF
Lot 0.65 ac (28,314 SF)
APN 18-15-401-019
UPID US28-4470802

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

833 3rd St La Salle, IL 61301-2513
La Salle metro Census 963300 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2025
Last sale
$150,000
5 recorded transactions
2025
$314,500
2022
$150,000
2021
Price N/A
2013
$515,000
2006
$475,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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